EU and G7 targets Russia oil revenue with full maritime services ban

Russia exported 44 per cent of its oil in sanctioned shadow-fleet tankers in October, according to analysis from the Finland-based independent Center for Research on Energy and Clean Air.

Some 18 per cent of oil sailed in non-sanctioned shadow fleet tankers while tankers with links to G7 countries, the EU and Australia transported 38 per cent of Russian oil.

The overall fleet working with sanctioned oil from Russia, Iran and Venezuela encompasses 1,423 tankers, of which 921 are subject to US, UK or EU sanctions, according to maritime data specialist Lloyd’s List Intelligence.

(Reporting by Julia Payne, Jonathan Saul and Maria Cheng; additional reporting by Elizabeth Piper and William James in London; Andrea Shalal, David Lawder and Timothy Gardner in Washington; Renee Maltezou in Athens and Michele Kambas in Nicosia; editing by Mark Heinrich)